Can You Put Stop-Loss on eToro?

Written by Mike Druttman

Reviewed by Wikitoro Team

​Yes, you can set a stop-loss on eToro to help manage the risks and protect your investments.​ A stop-loss is an instruction that automatically closes your position if the market moves against you by a specified amount. This tool helps limit potential losses without requiring constant monitoring of the markets.​

How to Set a Stop-Loss on eToro

When Opening a New Trade

1. After selecting the asset and clicking "Trade," locate the "Stop Loss" section in the trade window.
2. Choose to set your stop-loss by either a specific amount (the maximum you're willing to lose) or by rate (a specific price level).
3. Enter your desired stop-loss value.
4. Click "Open Trade" to execute the order with your stop-loss in place.​

For Existing Positions

1. Go to your "Portfolio" and select the open position you wish to modify.
2. Click on "Stop Loss" in the Edit Trade window.
3. Adjust the stop-loss settings as needed.
4. Confirm the changes to update your stop-loss.​

Using stop-loss orders on eToro is a good move if you're serious about managing risk and protecting your investments. I suggest that you familiarize yourself with how these orders exactly work and think about adding them to your trading strategy. Also, keep these points in mind:

Mandatory for Certain Trades: Stop-loss is mandatory for all positions except non-leveraged buy positions.

Not Guaranteed: Under volatile market conditions or during market closures, the stop-loss may not execute at the exact specified price and could potentially result in a different execution price.

Trailing Stop-Loss: eToro offers a trailing stop-loss feature, which adjusts the stop-loss level as the market price moves in your favor. This locks in profits while limiting the potential losses. ​